Review of Financial Economics articles from September 1994

Review of Financial Economics archives from September 1994

The role of internal financial sources in firm financing and investment decisions.
September 22, 1994... Introduction Theoretical contributions in information economics have renewed our interest in the influence that internally generated funds have on the investment and external financial decisions of firms. Myers (1984), Myers and Majluf...

Contagion effects of the Bank of New England's failure.
September 22, 1994... On Sunday, January 6, 1991, three key units of the Bank of New England (BNE) were declared insolvent, and taken over by bank regulators. The main underlying problem that led to BNE's demise was faulty loans, which were expected to continue...

Dividend behavior surrounding LIFO adoption. (last-in-first-out)
September 22, 1994... The adoption of the last-in first-out (LIFO) inventory costing method in periods of price inflation typically depresses reported earnings below levels that would have been reported without LIFO adoption, but increases cash flows through...

Accounting data and the prediction of risk in the extremes.
September 22, 1994... The popularity of beta as a risk measure has continued in spite of Fama and French's (1992) contradictory evidence of the asset-pricing model's implication that beta is the only relevant variable in explaining average cross-sectional returns...

The adjustment of stock prices to Wall Street Journal corrections.
September 22, 1994... This paper investigates the adjustment of stock prices to corrections of event announcements that are reported in the Wall Street Journal (WSJ). Typically, the WSJ reports hundreds of corrections in its "Corrections and Amplifications" column...

Professional portfolio managers and the January effect: theory and evidence.
September 22, 1994... Over the past several years, researchers have empirically documented a pronounced seasonality of stock returns in the month of January (Rozeff and Kinney, 1976; Brown, Kleidon and Marsh, 1983a, 1983b; Keim, 1983; Gultekin and Gultekin, 1983;...

Rational price limits in futures markets: tests of a simple optimizing model.
September 22, 1994... Despite the key role played by daily price limits in futures markets, questions concerning how daily price limits should be set, or whether observable daily price limits are optimal or rational in some sense, have gone virtually unexplored in...